ETFs with Coca-Cola Higher on Coffee Chain Purchase
This article was originally published on ETFTrends.com.
The Coca-Cola Company decided to take a deep dive into the global coffee business with a $5.1 billion purchase of UK coffee chain Costa. Coca-Cola hopes to leverage its expansive distribution network to take on the likes of Starbucks. ETFs with the heaviest weighting of Coca-Cola were up slightly despite shares of the beverage company [...]